Ethereum is undergoing significant fluctuations in the financial market, raising concerns among investors. Recent sell-offs by major holders and reduced activity on the network have become a topic of discussion among analysts.
Whale Sells Ethereum Holdings
Recently, a notable Ethereum whale exited the market after a 900-day holding period, selling all 10,000 ETH worth approximately $15.71 million. This whale initially purchased the tokens at an average price of $1,295 each, leading to a much lower profit of $2.75 million at resale, compared to a maximum potential profit of $27.6 million.
Indications of Market Uncertainty in Derivatives
Ethereum derivatives data reveals increased volatility and uncertainty in the market. The trading volume has decreased by 65.59% to $50.09 billion, while options volume has dropped by 49.98%. There has been a slight increase in open interest by 1.58%, indicating that some traders are still holding positions. In the last 24 hours, $62.05 million in positions were liquidated.
Bearish Predictions for Ethereum
Prominent analysts note that Ethereum has lost over 50% of its value in Q1 2025, highlighting the token's weakness. Technical analysis shows that Ethereum is in a vulnerable zone, just above $1,500. Economist Peter Schiff predicted that Ethereum could drop below $1,000, considering current macroeconomic issues.
In light of Ethereum's current fluctuations and negative forecasts from analysts, an atmosphere of uncertainty has emerged. Investors and traders continue to monitor events to analyze their further actions in the market.
